Mediolanum International Funds Ltd Takes $11.42 Million Position in NatWest Group plc (NYSE:NWG)

Mediolanum International Funds Ltd acquired a new stake in shares of NatWest Group plc (NYSE:NWG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,220,071 shares of the company’s stock, valued at approximately $11,420,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NWG. Natixis Advisors LLC increased its stake in shares of NatWest Group by 28.4% during the 2nd quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock valued at $77,721,000 after acquiring an additional 2,139,290 shares during the last quarter. Raymond James & Associates grew its holdings in shares of NatWest Group by 46.8% during the 2nd quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock worth $19,290,000 after purchasing an additional 765,671 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of NatWest Group by 55.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after purchasing an additional 627,097 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of NatWest Group by 18.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 2,398,671 shares of the company’s stock worth $16,311,000 after purchasing an additional 370,200 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of NatWest Group by 49.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 993,364 shares of the company’s stock worth $6,755,000 after purchasing an additional 328,518 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NWG. UBS Group upgraded NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Kepler Capital Markets began coverage on NatWest Group in a report on Thursday, September 5th. They set a “buy” rating for the company. The Goldman Sachs Group began coverage on NatWest Group in a report on Friday, October 4th. They set a “buy” rating for the company. Finally, Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

NatWest Group Stock Down 0.8 %

NYSE NWG opened at $9.49 on Friday. The stock has a market cap of $39.51 billion, a PE ratio of 7.84 and a beta of 1.33. NatWest Group plc has a fifty-two week low of $4.30 and a fifty-two week high of $9.83. The business has a 50 day moving average price of $9.17 and a two-hundred day moving average price of $8.52. The company has a quick ratio of 1.08, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $4.62 billion during the quarter. As a group, sell-side analysts predict that NatWest Group plc will post 1.23 EPS for the current fiscal year.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.